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To: Red Badger
We're liquidating ... to get capital to put into our pension plan.

A Sears pension? You better practice saying "Welcome to Walmart" because you'll never get to retire.

10 posted on 05/31/2018 2:39:09 PM PDT by KarlInOhio (I can't tell if we live in an Erostocracy (rule by sex) or an Eristocracy (rule by strife and chaos))
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To: KarlInOhio
A Sears pension? You better practice saying "Welcome to Walmart" because you'll never get to retire.

My sister worked for Sears for 30 years and was a manager of a parts and repair center at the end. When she started she had a Defined Pension that would have allowed her to have a comfortable, if frugal, retirement but Sears sold themselves off and the pension plan was dissolved. The 401K that took its place was gutted when Sears was sold off a second time (the law allows for that).

When my sister retired she was offered $300 per month or $75,000 lump sum so she took the lump sum, threw it in an investment, then started another career.

53 posted on 05/31/2018 4:27:20 PM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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